ABSTRACT
This chapter presents a stakeholder-model in which the workers' representatives also play an active role as participants in corporate governance, in the strategic decision-making process at corporate level. The debate on corporate governance has mainly focused on the strengthening of the position of the shareholders in the existing dual governance model, and the improvement of the functioning of the supervisory board. The chapter describes the five most important positions (boards and stakeholders) in the strategic decision-making process at corporate level: the board of directors, the supervisory board, the shareholders, the trade unions and the works councils, as they can be found in Dutch companies. Because of the dual model of governance in the Netherlands, the influence of the stakeholders on management can only take place indirectly. The improvement of the cooperation between works councils and trade unions is especially crucial for the future position of workers' participation in corporate governance.
